Question

the following transaction in the books of Rakesh Kumar of Mumbai assuming all Transactions have been entered at Mumbai CGST and SGST 6% each. Show the working clearly

Started business with cash Rs 50,000 and cheque of Rs 4,00,000

Bought goods of the list price of Rs 1,00,000 from Pratik & Bros. less 20% trade discount and

5% cash discount and paid 60% by cheque. Sold goods to Tejpal & CO. Of the list price of Rs 2,00.000 less 15% trade discount and 4%

cash discount and received 40% by cheque iv) Paid to Gita Rs 95,000 by cheque after deducting 5% cash discount

Electricity expenses paid by cheque for office Rs 20,000 and for residence of proprietor Rs 10,000

vi)

Kashinath a debtor for Rs 40,000 has become bankrupt and 25% is received from his estate

by cheque.

viij Received a cheque for a bad debt written off last year Rs 10,000 vii) Sold goods costing Rs 60,000 to Kamath against cheque of 25% on cost less 10% trade

discount Cash discount allowed @ 2%

Journal Ledger & Trial Balance
​

Answer 1

Answer:

i dont no darling hiw can i say